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News  ›  GlobeNewswire Inc.

Spartan Capital Securities, LLC Serves as Placement Agent in Lixte Biotechnology Holdings, Inc.’s $4.3 Million Registered Direct Offering

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Spartan Capital Securities, LLC Serves as Placement Agent in Lixte Biotechnology Holdings, Inc.’s $4.3 Million Registered Direct Offering

Spartan Capital Securities acted as exclusive placement agent for Lixte Biotechnology Holdings' $4.3 million registered direct offering. The clinical-stage pharmaceutical company focused on cancer treatments sold 1,051,342 common and pre-funded units to accredited investors at market prices, with proceeds to support general corporate purposes and working capital.

Insights
T   positive

High 4.4% dividend yield, surging free cash flow, successful strategic initiatives, improving wireless segment, and significant analyst upside potential


LIXT   positive

Successfully completed a $4.3 million capital raise through a registered direct offering, demonstrating investor confidence and providing funding to advance its clinical oncology programs including trials for ovarian clear cell carcinoma and metastatic colon cancer.